World oil supply and demand outlook
Healthy 2019-20 demand growth (supported by MARPOL) leads to a recovery in prices despite higher supply from US shale. OPEC concludes the cut deal in 2020 Global Oil Supply & Demand Outlook to 2035. “If demand growth stays healthy and OPEC+ maintains discipline over production levels, we could 11 Mar 2020 Lower global oil demand growth for 2020 in the March STEO reflects a the Short-Term Global Petroleum and Other Liquids Supply Forecast Oil is also expected to maintain its leading position in meeting the world's growing energy needs for at least the next two decades. All this leads to the question: Global oil supply looks comfortable through the forecast period. The world's oil production capacity is expected to rise by 5.9 mb/d by 2025, which more than OPEC's World Oil Outlook (WOO) is part of the Organization's commitment to market stability. The publication is a means to highlight and further the
11 Mar 2020 Lower global oil demand growth for 2020 in the March STEO reflects a the Short-Term Global Petroleum and Other Liquids Supply Forecast
The resulting forecast average price in 2020 is $60/b, $2/b lower than forecast in the September STEO. EIA’s October forecast recognizes a higher level of oil supply disruption risk than previously assumed, more-than-offset by increasing uncertainty about economic and oil demand growth in the coming quarters, OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and "signs of stress" in the world economy. As a The IEA cut its oil demand growth estimate for 2019 by 90,000 bpd to 1.3 million bpd. The report also revealed a global supply drop in April of 300,000 bpd, led by Iran, Azerbaijan, Kazakhstan and Canada. Non-OPEC supply is forecast to grow 1.9 million bpd versus 2.8 million bpd last year. Global Oil Supply & Demand Outlook to 2035 “If demand growth stays healthy and OPEC+ maintains discipline over production levels, we could see market fundamentals resulting in average prices in the USD60-70/bbl range until 2020”
Global Oil Supply & Demand Outlook to 2035 “If demand growth stays healthy and OPEC+ maintains discipline over production levels, we could see market fundamentals resulting in average prices in the USD60-70/bbl range until 2020”
14 Jun 2019 HSFO consumption will decline 300,000 b/d year-on-year in 2019 and by 1.6 million b/d in 2020. Global oil supply. During May, global oil supply 10 Feb 2020 Faced with the biggest supply shock since the financial crisis, oil prices could be dampened the demand outlook for oil's biggest consumer market. oil prices could slide another 10% from current levels as the world's 7 Nov 2017 Opec sees greater than anticipated demand for oil by 2022 despite a global push of almost 2.3m b/d — Opec said in its annual World Oil Outlook report On the supply side, oil from outside of the Opec cartel is expected to 3 Jan 2020 Crude price activity should be modest in 2020 as supply and Global oil demand is forecast to grow by 1.2 million bpd according to the most
11 Mar 2020 on prices of oil supply cuts by OPEC and growing demand in 2020.According to the OPEC Monthly Oil Market Report, world oil demand will
21 Oct 2019 The outlook for long-term demand estimates that the total global demand for oil will amount to nearly 140 million barrels per day in the year 9 Comprises crude oil, condensates, NGLs, oil from non-conventional sources and other sources of supply. 10 Includes changes in non-reported stocks in OECD 2 Jul 2008 Oil supply is controlled somewhat by a cartel of oil producing nations With oil's stature as a high-demand global commodity comes the 23 Apr 2019 Congress considers policies that can affect the world oil market, including 43 For more on the world oil supply/demand outlook, see CRS 22 Dec 2018 The workshop focused on the global oil and gas supply and demand equilibrium, the global liquefied natural gas (LNG) outlook, regional LNG 25 Sep 2018 Demand growth 1.40 mb/d in 2018 and 1.47 mb/d in 2019, but trade Short term update: global oil supply reaches 100 mb/d in August Likely to replace 20 kb/d of gasoline and 80 kb/d of diesel per year over the forecast.
Chapter 3 - Oil demand; Chapter 4 - Liquids supply; Chapter 5 - Refining outlook; Chapter 6 - Oil movements; Chapter 7 - Energy and technology; Chapter 8 - Energy and climate change; Chapter 9 - Energy and sustainable development; Data download; Download World Oil Outlook 2019.
IEA: World oil supply, demand to rebalance by 2020. The global oil market is expected to rebalance at $80/bbl by 2020, with further increases in price thereafter, as excess oil supplies are shed Oil is also expected to maintain its leading position in meeting the world’s growing energy needs for at least the next two decades. All this leads to the question: how will oil supply and demand develop over the short- and long-term? Short-term, OPEC projects average world oil demand to grow by 1.5 million barrels a day for 2006. The outlook for oil demand is uncertain but looks set to play a major role in global energy out to 2040. Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil (crude plus NGLs) for several decades, requiring substantial investment.
13 Feb 2020 Global oil demand is now expected to see its first quarterly the start of the year, stronger demand and a tailing off of non-OPEC supply growth. 5 Nov 2019 OPEC will supply a diminishing amount of oil in the next five years as its members, cut its forecast for global oil demand over the medium